Housing Tax Credits: Existing Building Certification
Last Updated: April 2026
Existing buildings claiming acquisition credits must meet the requirements of Internal Revenue Service Section 42(d)(2). For an existing building to qualify for the 30% present value acquisition Housing Tax Credit (HTC) in connection with rehabilitation, the building must meet the 10-year requirement, the related party rule, and other requirements under Section 42(d)(2)(B). 
Instructions: This Certification Form is applicable for the 2026 and 2027 Multifamily Consolidated Requests for Proposals (RFP)/2027 and 2028 HTC funding rounds and must be submitted with the application in the Multifamily Customer Portal. 
If the ownership entity exists at the time of application submittal, the owner must complete this Certification Form. If the ownership entity does not exist at the time of application, the sponsor must complete this Certification Form.
Certification
The undersigned [ENTITY NAME], a  () hereby certifies the following:
      [NAME OF PROJECT] (the “Project”) includes [# OF BUILDINGS CLAIMING ACQUISITION CREDITS] buildings that will meet the existing building requirements of Section 42(d)(2)(B) prior to application for 8609:
(i) the building is acquired by purchase (as defined in section 179(d)(2));

(ii) there is a period of at least 10 years between the date of its acquisition by the taxpayer and the date the building was last placed in service, or Section 42(d)(2)(B)(ii) does not apply because the because the building is a federally assisted or state assisted building defined in (d)(6)(c), or the building is described under (d)(6)(B);

(iii) the building was not previously placed in service by the taxpayer or by any person who was a related person with respect to the taxpayer as of the time previously placed in service; AND

(iv) except as provided in subsection 42(f)(5), a credit is allowable under subsection 42(a) by reason of subsection 42(e) with respect to the building [the building is eligible for rehabilitation credits].